Texas Service Sector Outlook Survey
July 28, 2020
Results Table
| Business Indicators Relating to Facilities and Products in Texas Current (versus previous month) |
||||||||
| Indicator | Jul Index | Jun Index | Change | Series Average |
Trend* | % Reporting Increase | % Reporting No Change |
% Reporting Decrease |
|
Revenue |
–8.5 |
5.7 |
–14.2 |
10.9 |
1(–) |
27.6 |
36.2 |
36.1 |
|
Employment |
–6.8 |
–1.9 |
–4.9 |
6.0 |
5(–) |
9.6 |
73.9 |
16.4 |
|
Part–Time Employment |
–11.5 |
–5.2 |
–6.3 |
1.2 |
5(–) |
2.5 |
83.5 |
14.0 |
|
Hours Worked |
–3.7 |
–0.2 |
–3.5 |
2.2 |
5(–) |
10.3 |
75.7 |
14.0 |
|
Wages and Benefits |
0.4 |
7.8 |
–7.4 |
14.0 |
2(+) |
11.1 |
78.2 |
10.7 |
|
Input Prices |
17.8 |
17.5 |
+0.3 |
24.9 |
3(+) |
24.4 |
69.0 |
6.6 |
|
Selling Prices |
–5.9 |
–2.2 |
–3.7 |
5.0 |
5(–) |
11.5 |
71.1 |
17.4 |
|
Capital Expenditures |
–7.9 |
–5.6 |
–2.3 |
9.8 |
5(–) |
10.1 |
71.9 |
18.0 |
| General Business Conditions Current (versus previous month) |
||||||||
| Indicator | Jul Index | Jun Index | Change | Series Average |
Trend** | % Reporting Improved | % Reporting No Change |
% Reporting Worsened |
|
Company Outlook |
–15.8 |
2.2 |
–18.0 |
4.8 |
1(–) |
17.2 |
49.7 |
33.0 |
|
General Business Activity |
–26.7 |
2.1 |
–28.8 |
2.5 |
1(–) |
15.6 |
42.1 |
42.3 |
| |
||||||||
| Indicator | Jul Index | Jun Index | Change | Series Average |
Trend* | % Reporting Increase | % Reporting No Change |
% Reporting Decrease |
|
Outlook Uncertainty† |
29.4 |
5.9 |
+23.5 |
13.8 |
30(+) |
43.1 |
43.2 |
13.7 |
| Business Indicators Relating to Facilities and Products in Texas Future (six months ahead) |
||||||||
| Indicator | Jul Index | Jun Index | Change | Series Average |
Trend* | % Reporting Increase | % Reporting No Change |
% Reporting Decrease |
|
Revenue |
17.9 |
34.1 |
–16.2 |
36.7 |
3(+) |
44.4 |
29.0 |
26.5 |
|
Employment |
5.1 |
11.4 |
–6.3 |
21.5 |
3(+) |
24.0 |
57.1 |
18.9 |
|
Part–Time Employment |
0.0 |
1.1 |
–1.1 |
6.3 |
1() |
14.8 |
70.4 |
14.8 |
|
Hours Worked |
7.6 |
13.1 |
–5.5 |
5.3 |
3(+) |
16.5 |
74.6 |
8.9 |
|
Wages and Benefits |
19.1 |
19.1 |
0.0 |
35.8 |
3(+) |
27.5 |
64.1 |
8.4 |
|
Input Prices |
27.8 |
27.4 |
+0.4 |
43.6 |
163(+) |
36.2 |
55.4 |
8.4 |
|
Selling Prices |
5.9 |
10.2 |
–4.3 |
22.7 |
3(+) |
20.6 |
64.7 |
14.7 |
|
Capital Expenditures |
1.8 |
4.6 |
–2.8 |
23.1 |
2(+) |
21.4 |
58.9 |
19.6 |
| General Business Conditions Future (six months ahead) |
||||||||
| Indicator | Jul Index | Jun Index | Change | Series Average |
Trend** | % Reporting Improved | % Reporting No Change |
% Reporting Worsened |
|
Company Outlook |
–3.1 |
6.2 |
–9.3 |
15.9 |
1(–) |
26.0 |
45.0 |
29.1 |
|
General Business Activity |
–9.2 |
6.8 |
–16.0 |
12.5 |
1(–) |
24.9 |
41.0 |
34.1 |
Texas Retail Outlook Survey
July 28, 2020
Historical data are available from January 2007 to the most current release month.
| Business Indicators Relating to Facilities and Products in Texas Retail (versus previous month) |
||||||||
| Indicator | Jul Index | Jun Index | Change | Series Average |
Trend* | % Reporting Increase | % Reporting No Change |
% Reporting Decrease |
Retail Activity in Texas |
||||||||
|
Sales |
–26.7 |
33.0 |
–59.7 |
5.7 |
1(–) |
21.2 |
30.9 |
47.9 |
|
Employment |
–10.7 |
–5.0 |
–5.7 |
1.7 |
5(–) |
7.8 |
73.7 |
18.5 |
|
Part–Time Employment |
–15.4 |
–3.8 |
–11.6 |
–2.2 |
5(–) |
1.9 |
80.8 |
17.3 |
|
Hours Worked |
–7.8 |
–6.2 |
–1.6 |
–2.0 |
6(–) |
5.9 |
80.4 |
13.7 |
|
Wages and Benefits |
–5.3 |
2.8 |
–8.1 |
9.2 |
1(–) |
6.3 |
82.1 |
11.6 |
|
Input Prices |
17.1 |
27.9 |
–10.8 |
18.6 |
3(+) |
23.3 |
70.5 |
6.2 |
|
Selling Prices |
2.0 |
17.2 |
–15.2 |
9.8 |
2(+) |
20.9 |
60.1 |
18.9 |
|
Capital Expenditures |
–6.2 |
–2.4 |
–3.8 |
7.7 |
5(–) |
4.5 |
84.8 |
10.7 |
|
Inventories |
–21.3 |
–34.3 |
+13.0 |
2.6 |
6(–) |
21.1 |
36.6 |
42.4 |
Companywide Retail Activity |
||||||||
|
Companywide Sales |
–21.7 |
28.8 |
–50.5 |
7.1 |
1(–) |
23.4 |
31.6 |
45.1 |
|
Companywide Internet Sales |
–10.5 |
11.9 |
–22.4 |
6.2 |
1(–) |
12.0 |
65.5 |
22.5 |
| General Business Conditions, Retail Current (versus previous month) |
||||||||
| Indicator | Jul Index | Jun Index | Change | Series Average |
Trend** | % Reporting Improved | % Reporting No Change |
% Reporting Worsened |
|
Company Outlook |
–6.8 |
16.5 |
–23.3 |
3.1 |
1(–) |
21.9 |
49.4 |
28.7 |
|
General Business Activity |
–23.7 |
29.6 |
–53.3 |
–1.2 |
1(–) |
17.0 |
42.3 |
40.7 |
| Outlook Uncertainty Current (versus previous month) |
||||||||
| Indicator | Jul Index | Jun Index | Change | Series Average |
Trend* | % Reporting Increase | % Reporting No Change |
% Reporting Decrease |
|
Outlook Uncertainty† |
13.7 |
–9.6 |
+23.3 |
11.0 |
1(+) |
35.3 |
43.1 |
21.6 |
| Business Indicators Relating to Facilities and Products in Texas, Retail Future (six months ahead) |
||||||||
| Indicator | Jul Index | Jun Index | Change | Series Average |
Trend* | % Reporting Increase | % Reporting No Change |
% Reporting Decrease |
Retail Activity in Texas |
||||||||
|
Sales |
32.3 |
39.8 |
–7.5 |
31.8 |
3(+) |
51.8 |
28.7 |
19.5 |
|
Employment |
2.3 |
7.6 |
–5.3 |
11.7 |
3(+) |
25.4 |
51.6 |
23.1 |
|
Part–Time Employment |
–8.0 |
6.4 |
–14.4 |
0.5 |
1(–) |
13.1 |
65.8 |
21.1 |
|
Hours Worked |
5.0 |
5.3 |
–0.3 |
2.6 |
3(+) |
17.2 |
70.6 |
12.2 |
|
Wages and Benefits |
21.1 |
7.0 |
+14.1 |
26.9 |
3(+) |
30.7 |
59.7 |
9.6 |
|
Input Prices |
27.4 |
23.5 |
+3.9 |
32.5 |
3(+) |
39.2 |
49.0 |
11.8 |
|
Selling Prices |
19.6 |
17.3 |
+2.3 |
28.5 |
3(+) |
33.3 |
52.9 |
13.7 |
|
Capital Expenditures |
2.0 |
1.9 |
+0.1 |
16.8 |
2(+) |
21.6 |
58.8 |
19.6 |
|
Inventories |
11.1 |
25.8 |
–14.7 |
7.9 |
3(+) |
34.8 |
41.6 |
23.7 |
Companywide Retail Activity |
||||||||
|
Companywide Sales |
23.7 |
38.6 |
–14.9 |
30.3 |
3(+) |
45.6 |
32.5 |
21.9 |
|
Companywide Internet Sales |
7.5 |
31.5 |
–24.0 |
21.6 |
4(+) |
25.0 |
57.5 |
17.5 |
| General Business Conditions, Retail Future (six months ahead) |
||||||||
| Indicator | Jul Index | Jun Index | Change | Series Average |
Trend** | % Reporting Improved | % Reporting No Change |
% Reporting Worsened |
|
Company Outlook |
5.2 |
19.3 |
–14.1 |
16.5 |
3(+) |
29.8 |
45.6 |
24.6 |
|
General Business Activity |
–3.4 |
12.7 |
–16.1 |
12.2 |
1(–) |
27.8 |
41.0 |
31.2 |
*Shown is the number of consecutive months of expansion or contraction in the underlying indicator. Expansion is indicated by a positive index reading and denoted by a (+) in the table. Contraction is indicated by a negative index reading and denoted by a (–) in the table.
**Shown is the number of consecutive months of improvement or worsening in the underlying indicator. Improvement is indicated by a positive index reading and denoted by a (+) in the table. Worsening is indicated by a negative index reading and denoted by a (–) in the table.
†Added to survey in January 2018.
Data have been seasonally adjusted as necessary, with the exception of the outlook uncertainty index which does not yet have a sufficiently long time series to test for seasonality.
Questions regarding the Texas Service Sector Outlook Survey can be addressed to Christopher Slijk at christopher.slijk@dal.frb.org.
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